Private Foundation Excise Tax

In this week's Washington Snapshot: Are you Activating in August?; Urban Institute DAF Survey Results Webinar; Four Senior Michigan Lawmakers Retiring at Once; Nonprofit Salary Cap Upheld in New York; Charity Gaming Restrictions Blocked in Michigan; Council to Host Unaccompanied Minors Webinar; NASCO Conference on October 6th; Rocky Mountain Tax Seminar: September 17th-19th; And more!

In this week's Washington Snapshot: Council to Senators - Vote "Yes" on H.R. 4719; Activate in August"; Just Announced: "Activate in August" Conference Call; Urban Institute DAF Survey Results Webinar; NASCO Conference on October 6th; Rocky Mountain Tax Seminar: September 17th-19th; And more!

In this week's Washington Snapshot: August Recess; Council August Tool Kit; Dynamic Scoring Hearing; Eric Cantor Resigns; New Bills; Social Impact Bonds Senate Bill; Regulatory Updates; And more!

In this week's Washington Snapshot: Just Announced: August Recess Toolkit; Recap: House Passes America Gives More Act of 2014; Next Steps on Tax Extenders; Chairman Wyden Restates Commitment to Tax Reform; NEW in Snapshot: Trending in Council Legal Affairs; The IRS Can Read Minds: “Gifts” of Real Property; PACE Report on Transparency and Accountability; Upcoming NASCO Conference; Rocky Mountain Tax Seminar

Today, the House Ways and Means Committee met to markup several important bills focused on the charitable sector. One bill would make the charitable “tax extenders”—including the IRA charitable rollover—permanent law. Another would simplify the private foundation excise tax on investment income to a single rate of 1%. The Council has already expressed support for both of these measures. All five bills were passed out of the Committee and will now face a full House of Representatives vote.

In this week's snapshot, you'll read about: Camp Bill Sets Critical Precedents; 501(c)(4) Rules Elicit Strong Public Response; Philanthropy Week in Washington Recap; Other News in Philanthropy

As a national voice for philanthropy, the Council works to create an environment in which philanthropy can thrive by promoting policies that allow the philanthropic sector to remain vibrant, inclusive, innovative, and effective.